The benefits of divorce mediation for busy business owners

On behalf of McBride & Drinkwine, LLC posted in property division on Thursday, January 5, 2017.

As a business owner, it's safe to say that you always have something going on in your professional life. For this reason, if you're faced with divorce, you'll need to juggle a variety of tasks and challenges for the time being.

You should have three goals in mind at this time:

Making your way through the divorce process without additional stress and wasted time.

Reaching a mutually acceptable agreement with your former spouse.

Maintaining your professional life despite your personal struggles.

There are times when litigation is the only way for a couple to put their divorce in the past. They have no other option but to meet in court, as they are unable to get along well enough to work things out on their own without a judge.

Conversely, divorce mediation is an idea worth considering. This is particularly true if you're a busy business owner. Here are the goals associated with mediation:

To minimize hostility, both during the divorce process and once this comes to a closure.

To avoid the expense and time associated with litigation.

To create an equitable agreement that both parties are comfortable with.

With divorce mediation, both parties have a stronger voice throughout the process. You will have the opportunity to speak your mind, hear out the other person, and negotiate on everything from property division to child support and child custody.

As a business owner, there is another big benefit of mediation that you don't want to overlook: the ability to speed up the process.

With litigation, it's not uncommon for a divorce to drag on for many months or years. While this is happening, you're taking time away from your business while also spending a lot of money.

Mediation allows you to avoid all of this, instead working out your differences in a shorter period of time (often only a few sessions).

No two individuals are the same, meaning that mediation may work for some but not others. Even if you don't end up going down this path, you should still learn more about the process and how it could benefit you.

With mediation, you have more control over the process while holding onto the ability to consult with an attorney to ensure that you're making sound decisions. For some, this is the best of both worlds.

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